Economy changed the way Americans contribute to their IRAs

The current economy has affected how nearly half of Americans approach IRA contributions, according to a Charles Schwab quarterly retirement pulse survey.

By Paula Aven Gladych|March 06, 2012 at 11:01 AM

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The current economy has affected how nearly half of Americans approach IRA contributions, according to a Charles Schwab quarterly retirement pulse survey. Eighteen percent of those with an IRA are contributing less to their retirement account so they can cover every day expenses, 6 percent say they can’t afford to contribute to both their 401(k) and their IRA and 10 percent have withdrawn money from their IRA.